Switzerland Introduces Highest Minimum Wage In The World At ₦20.5m Per Year

Switzerland has become the highest minimum wage provider in the world with ₦9,646 Per hour, ₦1,731,472 Per month and ₦20,495,686 Per Annum.

Geneva is set to introduce ‘the world’s highest minimum wage’ which will equate to £41,430 ($53,370) a year around £3,500 ($4,510) a month.

The alterations, which had been rejected by voters twice before in both 2011 and 2014, will now come into effect from October 17.

According Dailymail UK, this is more than triple that in the United States, which operates at £5.63 ($7.25) per hour, and more than double the basic hourly rate in the United Kingdom of £8.72 ($11.23).